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Fri 24 Jan 2003, 15:20 Matodzi Resources Limited - Directorate Changes On
Matodzi Resources Limited - Directorate Changes On The Board                    
MATODZI RESOURCES LIMITED                                                       
(Formerly New Mining Corporation Limited) (Incorporated in the Republic of South
Africa)                                                                         
(Registration number 1933/004523/06) ("Matodzi")                                
DIRECTORATE CHANGES ON THE BOARD OF MATODZI RESOURCES LIMITED                   
Mr. Eric Bamoza Molefe has resigned as a Non-Executive Director on the board of 
Matodzi Resources Limited, with effect from 22 January 2003. Mr. Molefe`s       
resignation forms part of the restructuring process of the board of Matodzi,    
which began on the same day with the appointment of former Robben Island        
political prisoner and ANC activist, Mr. Andrew Mlangeni.                       
The board of Matodzi Resources Limited is now as follows:                       
Andrew Mlangeni                 -  Non-Executive Chairman                       
Hendrik Christoffel Buitendag   -  Executive Director                           
Roger Brett Kebble              -  Non-Executive Director                       
Sello Mashao Rasethaba          -  Executive Director                           
Date: 24/01/2003 01:30:00 PM Produced by the JSE SENS Department                


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